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Published on 3/30/2011 in the Prospect News Structured Products Daily.

New Issue: Barclays prices $5.42 million buffered return notes on S&P 500 via UBS

By Susanna Moon

Chicago, March 30 - Barclays Bank plc priced $5.42 million of 0% buffered return optimization securities due March 28, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10.00 plus 1.25 times any gain in the index, up to a maximum return of 21.85%.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.

UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.

Issuer:Barclays Bank plc
Issue:Buffered return optimization securities
Underlying index:S&P 500 index
Amount:$5,415,210
Maturity:March 28, 2013
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 125% of any index gain, capped at 21.85%; exposure to losses beyond 10%
Initial level:1,310.19
Pricing date:March 28
Settlement date:March 31
Underwriters:UBS Financial Services Inc. and Barclays Capital Inc.
Fees:2%
Cusip:06741K205

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